Foreign Power Forecasts China's Polycarbonate Market to Develop Strongly

The world-famous Frost & Sullivan Consulting Company recently released a report: In the next five years, the average annual growth rate of China's engineering plastics market will reach 10.2%, and by 2013, the demand for engineering plastics will approach 3 million tons; The speed will be faster, will remain around 11.2%, and will reach 11.56 billion U.S. dollars in 2013. The main driving factors include the steady development of the automotive and electrical and electronic industries, as well as improvements in technology and applications.
The report believes that China's polycarbonate market can still develop strongly in the next five years. This market has been declining since 2005, mainly because of the sharp rise in prices. Customers have changed their practice of buying large orders and choose to purchase according to actual needs. In the next few years, the annual growth of China's polycarbonate market may reach 9%, and annual sales growth will reach 10%.
During this period, the nylon market will recover at a high growth rate of over 16%, ending the slowdown in growth since 2006. However, the price of nylon is declining, and profits are shrinking. The use of recycled nylon, metal and other polymer substitute materials will have a certain impact on its development. In 2006, although polyoxymethylene production kept growing and prices fell slightly, sales showed negative growth. It is expected that in the coming period, the market's sales will increase at a rate of 5% to 10% per year.
The highly profitable polyphenylene ether market is attracting more companies to enter the market, including Chinese enterprises and multinational companies. By 2013, it is expected that the market will maintain an annual growth rate of 10.7%. The rapid development of the automotive sector will promote the strong growth of polybutylene terephthalate, with an increase of nearly 10% in both production and sales volume.